1275 1273 1270 1265 spx 1284 1286 1289 1294
11:33 ET, Dear Readers, one of the things Markets can do is to go into long(er) sideways actions and stay there ( how nice to be in the stocks with nice dividends for that time). Now, the fact is that 75% of the time market "FLUCTUATES". So, how do you make money , especially with options in these kind of situations? Only by WRITING/SELLING options not buying them! This is why the investors job is easier, they do not work so hard and collect the dividends , either writing covered call and/or just buying the stocks that have nice YIELD and are good investments ( OVERTIME). It is important to discuss this, because the market may be entering a low(er) volatility stage and options BUYING may not be the optimal way to trade.
11:15 ET, Dear Readers, there is one information hat we need to pay attention. That is the market action. Indicators are just indicators. They can help, but can not cause market to go in any direction. It seems to me that all along , My warnings and direct instructions of not fooling around with this market are ignored , mostly. That is going on, because the general mindset of most of readers got used to market going down. Well, market stops going down sometimes and the mindset needs to go with it. We need to ask the market , what would cause the state of market to change? I have shown many times that it is imprinted in the action of the market. It tells us , by not going down, yet! that it is not ready and we said what the parameters for becoming bearish are. That is a progressive break of 1259, 1247 and 1234 the pivots that market has created on the way up. EVERY DAY I have repeated that. Dear Readers. I am no different from anybody else and have no magic tools hidden. I read the same PRESSURE chart you all get. Its patterns tell us the story. How many times can we hit a person that seems to be impervious for our punches. At some point we better stop or our fists will be broken, if not our ribs as the "STRONG PERSON/MARKET" comes back and hits back. NEED TO LISTEN TO THE MARKETS